Unit 2: Introduction to Macroeconomics

Lesson 22Wa: Economic Growth in the Less Developed Countries (LDCs)

Key Terms

 

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Key Terms:

LDCs (DVCs), MDCs (IACs), global south, primary activities, secondary activities, tertiary activities, vicious circle of poverty, brain drain, land reform, microfinance and Grameen Bank, World Bank, foreign direct investment, GDP per capita, capital flight, supply chain, Malthus, green revolution, financial intermediary

 

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Lesson 22Wa